Putin's Genius, Wall Street's Stupidity and American Capitalism's Failure

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Hats off to the true Leader of the Free World! 



It must be wonderful being Vladimir Putin and being the most powerful person on earth. And not even have to say so yourself. The US Democratic Party is saying it for Putin along with the entirety of the Western presstitute media and the CIA and FBI also. The Russian media doesn’t have to brag about Putin’s power. Megyn Kelly, the Western presstitutes, and Western leaders are doing it for them: Putin is so powerful that he is able to place in office his choice for the President of the United States.


I mean, Wow! What power! Americans are simply out of the game. Americans, despite a massive intelligence budget and 16 separate intelligence services plus those of its NATO vassals, are no match whatsoever for Vladimir Putin.


I mean, really! What is the CIA for? What is the NSA for? What are the rest of them for? Americans would do better to close down these incompetent, but expensive, “intelligence services” and pay the money to Putin as a bribe not to select our president. Maybe the CIA should get down on its knees and beg Putin to stop electing the President of the United States. I mean, how humuiliating. I can hardly stand it. I thought we are the “world’s sole superpower, the uni-power, the exceptional, indispensable people.” It turns out that we are a nothing people, ruled by the President of Russia... 


Is this

Fake News?!? What is fake news? Hillary Clinton the Russophobic McCarthyite hypocrite queen should know... 

 And to think, just how close to global genocide through thermonuclear war we all came had this insane inhuman monster Hillary Clinton been elected. The Evil to the core Democrats are still upsit that we are not all dead yet (thus, the "Russia investigations")... 


When the Democrats, CIA, and media morons decided to launch their PR campaign against Trump, they didn’t realize how inconsequential it would make the United States appear by putting American democracy into Putin’s pocket. What were they thinking? They weren’t. They were fixated on making sure Trump did not endanger the massive military/security complex budget by restoring normal relations with Russia.


There is no sign that American leadership in any area is actually capable of thought. Consider Wall Street and corporate leadership. To boost share prices Wall Street forced all corporations to desert their home country and move the production of goods and services sold to Americans offshore to where labor and regulatory costs were lower. The lower costs raised profits and share prices. Wall Street threatened resistant corporations with takeovers of the companies if they refused to move abroad in order to increase their profits.


Neither Wall Street nor corporate boards and CEOs were smart enough to understand that moving jobs offshore also moved US consumer incomes and purchasing power offshore. In other words, the financial and business leadership were too stupid to comprehend that without the incomes from high value-added, high productivity US jobs, the American consumer would not have the discretionary income to continue in his role as the economy’s driver.


The Federal Reserve caught on to Wall Street’s mistake. To rectify the mistake, the Fed expanded credit, allowing a buildup in consumer debt to keep the economy going on credit purchases. However, once consumer debt is high relative to income, the ability to buy more stuff departs. In other words, credit expansion is not a permanent fix for the lack of consumer income growth.


A country whose financial and business leadership is too stupid to understand that a population increasingly employed in part-time minimum wage jobs is not a big spending population is a country whose leadership has failed.


It is strictly impossible to boost profits by offshoring jobs without also offshoring US consumer incomes. Therefore, the profits from offshoring are temporary. Once enough jobs have been moved offshore that aggregate demand is stymied, the domestic market stagnates and then declines.


As I have said before, and as has John Williams (shadowstats.com), the jobs reports from the US Bureau of Labor Statistics are nonsense. The jobs in the alleged recovery from June 2009 are largely low income domestic service jobs and the product of the theoretical birth/death model. The alleged recovery from the 2007-08 financial crisis is the first recovery in history in which the labor force participation rate declined. Labor force participation rates decline when the economy offers scant job opportunities, not when employment opportunities are rising.


What we know about US jobs is that the jobs are increasingly part-time minimum wage jobs. According to a presstitute news report that might or might not be true, there are only 12 counties in the entirety of the United States in which a person can rent a one-bedroom home on a minimum wage income. https://www.theguardian.com/us-news/2017/jun/08/minimum-wage-affordable-housing-rentals-study

In response to this report, a professor at Virginia Tech suggested that the government offer increased rental assistance and boost programs such as the National Housing Trust Fund, which invests in affordable housing.


In other words, taxpayers are to pick up the costs to Americans of US corporations deserting the US labor force. Those Americans who still have middle class incomes will be taxed to cover the lost incomes that the offshoring corporations and Wall Street have snatched away from American workers who can no longer earn enough to pay for their own housing.


In other words, capitalism has reached the point in its descent into meaningless irrelevantcy that it cannot exist without public subsidies for the people dispossessed by capitalism.


On a few of occasions I have written about how many costs of production are imposed on third parties, such as the environment and workers. A significant percentage of the profits of capitalist corporations comes from the political and legal ability of the corporations to impose their costs of production on third parties. In other words, capitalism makes money because it can impose its costs of production on the environment and on people who do not share in the profits. I cite examples of this, especially in the area of real estate development. The developer is able to shift a large part of his costs to others.


This cost shifting has now reached the level of inducing Armaggedon. There is an effort to impeach Trump and put the warmonger VP Pence in the presidency. As Trump campaigned on restoring normal relations with Russia, a defeat of the attempt to reduce tensions would reinforce the recent conclusion of the Russian military high command that Washington is planning a first strike nuclear attack on Russia.


This is the risk that the entire world faces due to the dependence of the power and profit of the US military/security complex on war and enemies.


In other words, there is only one remaining rationale for the existence of the United States of America — the interests of the military/security complex — and these interests require a powerful enemy whether real or orchestrated. The real world consequences of such madness be damned along with the rest of us... 


Former CIA official John Stockwell wrote: “It is the function of the CIA to keep the world unstable, and to propagandize and teach the American people to hate, so we will let the Establishment spend any amount of money on arms.” The hatred and distrust of Russia that the West is currently being force-fed reflects Stockwell’s revelation, as does the orchestrated hatred and distrust of all Muslims that has supported Washington’s destruction in whole or part of seven countries and trillions of dollars in new US war debt.


Globalism, that is, labor arbitrage across national boundaries, and financialization, the diversion of consumers’ incomes into interest and fees to banks, have wrecked the US economy. The “opportunity society” has vanished. Children have poorer economic prospects than their parents. The offshoring of manufacturing and professional service jobs such as IT and software engineering has collapsed the growth of aggregate demand in the US. The Federal Reserve’s credit expansion was only a temporary reprieve.


Formerly prosperous areas are in ruins. States’ budgets and pension systems are failing. And God forbid that we tax the wealthy as was always custom to pay our bills. This is now somehow a unconsiderable "sin!" 


There is no payoff to a university education. Americans’ economic prospects have been erased by globalism. Getting ahead requires connections as it did in the aristocratic systems. The high concentration of income and wealth has negated democracy. The government is only accountable to the rich. And they are above the law, unaccountable to anyone. 


American political and business leadership not only destroyed the image of US sovereignty by placing American democracy in Putin’s pocket, but also destroyed the formerly vibrant American economy, once the envy of the world.


Where can Americans find leadership? Certainly not in the Democratic Party, nor in the Republican Party, nor in the media, nor in the corporate community. How then does the US compete with Russia and China, two countries with good leadership? Is war the only answer to the question? Where do we go from here, what is the solution? 



Lady Sekhmetnakt Added Jun 15, 2017 - 4:35am
Remember to observe the Rule of Three (
No Threats 
No Slanders 
No Fake News)  
in the comments... 
Tubularsock Added Jun 17, 2017 - 8:33pm
Jenifer, you are a refreshing breath of fresh air. And Tubularsock loves the angle. When I watched that interview with Putin and then listened to Orange Tweet it was amazingly embarrassing to even consider Buffoon Boy as “our” president.
But Tubularsock has to admit that the United States deserves it. The cost of the American public falling fast asleep and dreaming the American Dream. Funny that!
Tubularsock felt the same way that you described about just how powerful Putin must be to “take over” the election and orchestrate our election without a shot. Just a pair of earphones hacking away in the basement of the Kremlin.
When bin Laden outwitted the entire U.S. and Western Alliance’s and brought down America from a cave in Afghanistan with only a lap top and a dialysis machine, simple magnificent! All that Pentagon equipment, all our intelligence throughout the world, our own intelligence agencies, the FBI all the way down to the local beat cop ALL FOR NAUGHT!
Why don’t WE have leaders that smart and prepared?
Oh well ....... back to the drawing board.
Lady Sekhmetnakt Added Jun 17, 2017 - 8:58pm
Thanks for your comments Donald and Tubularsock. 
I'm not sure if cycle theory applies or not in this case Donald. The problem now with offshoring and debt is even if the bubble bursts, then what? What force do we use to bring back jobs and reverse offshoring? I've considered the idea of tax breaks from companies that keep businesses in America and in the same location for so many years (compounded over time as a reward for location loyalty) and penalties for companies that move out of a community (based on their actions harm to the local economy caused by such a move) plus extreme taxes on businesses that offshore coupled with extra tariffs on businesses that relocate their HQs overseas to avoid taxes (essentially canceling out whatever profits they would have otherwise made from relocating, unless of course they intend to never do business with the United States again). Problem with these ideas is lobbiests and politicians essentially bribed to not pass such legislation. As I see it there is no real way out. Capitalism through greed has played itself into a corner. 
Tubularsock I agree, and speaking of Bin Ladan and 9/11 stay tuned for my next article on that and the unanswered questions (or extremely poorly answered) regarding 9/11. It's not going to be a "conspiracy" theory article, just the facts and let the readers decide what they want to believe for themselves. There is considerable material I need to research first so it may take a few weeks to get it done right. But it's coming! 
Lady Sekhmetnakt Added Jun 17, 2017 - 9:02pm
John writes "What is needed for the economy to grow is stimulatory fiscal policy from Congress." I believe you are correct, but without some form of penalties to companies for offshoring and hemorrhaging the economy this is only a temporary solution. It's like having cancer and only treating the symptoms, it's still eventually going to kill you. 
Skip Stein Added Jun 18, 2017 - 8:27am
Fascinating discussion and I'm bereft of anything to contribute but will lurk and learn.  Let me know if the conversation turns to IT or Food; then I'm in.  Keep up the conversation; I have lots to check/verify.
George N Romey Added Jun 18, 2017 - 8:51am
Great article Jenifer.  I couldn't have said it better.  I agree we are headed towards a crash.  We have no real economy.  Its all smoke and mirrors orchestrated by the Federal Reserve.  Investment and innovation have been replaced by debt and financial gimmicks and wizardry.  The economy could not sustain this type of nonsense in the previous decade and it won't again long term.  Eventually something will break and the Fed and Treasury will be seven steps behind and too late. 
In a way I see this as our only solution.  The neocons, large corporations, Wall Street and plutocrats have destroyed too much.  Putin will laugh his ass off when it happens.
Leroy Added Jun 18, 2017 - 9:04am
Not only is Putin powerful enough to do all the thing you mentioned, but, no doubt, he started the Russian investigation to paralyze the US government leaving him as the sole leader of the Western world.  Pure genius.  He is the most powerful leader indeed.
I don't give Wallstreet that much credit.
"Where can Americans find leadership? Certainly not in the Democratic Party, nor in the Republican Party, nor in the media, nor in the corporate community. How then does the US compete with Russia and China, two countries with good leadership? Is war the only answer to the question? Where do we go from here, what is the solution?"
The better question, who would want to lead this mess?  It will take a polarizing event to change things, either a national or world disaster or a war of survival.  Today, we fight wars.  It's like, oh, how did we do today, like we are following the stock market.  We are isolated from it. 
I don't look at Russia as competition.  Its economy is a wreck.  It is being crushed by low oil prices and the abundance of natural gas.  Whether this was the strategy of O or it just happened, I don't know, but Russia is being crushed by fracking in the US.  Russia is more of a regional power.  Putin leads only because of all the infighting.  It's a pity.  I think the US has more in common with Russia and China that it does with Europe.  Russia and the US could solve many of the problems of the world if relations were allowed to be more friendly.
China isn't all that it appears.  It has a similar problem to the US as it needs to transition to a consumer-driven economy.  The state own enterprises are in a mess.  It tried swapping debt for equity.  The Chinese are gamblers, and it almost worked.  It ended in disaster.  The government decreed that wages should double to give the people more money to spend.  Inflation resulted.  Housing is the only real place to invest money.   Housing prices are soaring. Housing is unaffordable to those who start with nothing and don't have the family structure to support them.  To solve the inflation problem, the government lowered import taxes and many items.  It is very, very much an authoritarian economy.  To the extent it makes the right decisions, it will be successful.  It's running out of options.  It can wave its magic wand only so much.  It will collapse and collapse spectacularly.  It is just a matter of time before there are too many balls in the air.  You don't see the military presence in China like you do in the US.  You don't see many in uniform.  Many that I have seen greet me with a big smile and shout "USA, USA".  Some want to shake my hand.  Not long before I left China, there weren't enough jobs for them and they started working for state own enterprises doing public work.  I saw many of them hauling the trash in hospitals and patching roads.  They were decent, salt of the earth people, but they didn't impress me with military professionalism.   The US has fought many useless wars.  These wars have at least kept the military prepared to fight a war.  The Chinese haven't fought a major war in a long time and the wars it has fought haven't been successful.  I have doubts that it is prepared for war.  When the Japanese attacked during WWII, they had the hardware to fight back but couldn't.  Some of the guns were described as being filled with rice and trash.  I'm not convinced that it is any more prepared for war today.
Bill Kamps Added Jun 18, 2017 - 9:07am
It is kind of funny that the US military outspends Russia 10:1,  yet we give them the same status as us.  It is kind of funny that the European military outspends Russia 4:1 and yet they cant seem to build enough tanks and planes to feel safe from Russia.
Corporations and governments have got themselves into a trap they cant easily get out of.  They have based their projections on 3% compounded GDP growth, and it isnt happening.   It isnt happening because it cant happen.  Their reactions to slower GDP growth, outsourcing, and irresponsibly financial policy, make the growth even slower, and the outcome worse.
Growth at 3% only happened for a short time in our history, roughly 75 years out of thousands.  That time was basically the  build out of the industrial revolution.  When everyone needed cars, appliances, lots of planes and highways were being built, etc. Growth started to taper off as population growth slowed, due to prosperity, and as most who wanted a car had one.  We cant grow car production at a 3% compounded rate, people dont need them and they now last longer than before.
Companies had profit projections, and government had tax revenue projections based on 3% compounded GDP growth.  When it didnt happen, they started doing irresponsible things to "fix" the problem.  It didnt fix anything, it made the problem worse.  There is an old maxim in investing, trees dont grow to the sky, this means you cant have unlimited growth, you reach a point of lower returns, and you had better plan for it.
Dino Manalis Added Jun 18, 2017 - 9:46am
We shouldn't offend Americans who elected Trump because they had enough of Obama's policies and want an end to chronic economic stagnation and disarray at home and abroad.  Hillary ran an ineffective campaign.  The Russians had nothing to do with it.  Instead of going haywire over the Russians, we should befriend them in pursuit of world peace and stability.  It's time for a change!
George N Romey Added Jun 18, 2017 - 9:54am
Leroy and Bill both excellent and well on spot comments.  We as the modern human race can't seem to accept that everything has a finite value.  A company can't just keep growing sales and profits quarter after quarter until the day the cows come home.  As Bill correctly points out this kind of thinking leads to really bad long term decisions in an effort to gin up a short term return.
There are some things we as a country can do to mitigate some, but not all, of the impact of changing demographics.  One is to rebuild our country.  This would also spur the velocity of money.  However, even at that we will need to redefine what a full time work week means, particularly as technology continues to replace human effort.
The scary thing is that tremendous change often results in wars, as it did in WW2.. Millions died or were seriously wounded.  It wasted countless amounts of money.  The difference is now the weapons today can easily destroy part of all of the human race.
Leroy makes excellent points about China.  China from what I understand and read wants to grow and expand a middle class.  However, that is very difficult to do with a country that has based its competitive advantage or cheap labor and the lack of health and safety.  It took the US over half a century with a more than 10 year depression included to build a vibrant middle class, and even some of that to Bill's points was by circumstance.  China doesn't have 50 years.  Right now the state is employing people as the factories slow down. 
Bill Kamps Added Jun 18, 2017 - 12:19pm
Look at every government projection for GDP growth for the past 25 years.  It starts at wherever things are, and projects to 3% growth in a few years.  However, we never seem to get there.  Why?
3% compounded growth means the economy after inflation doubles in about 20-25 years.  We make 14 million cars a year in the US, in 25 years does anyone believe we will make 28 million cars a year ?  who will need them?  US population growth is currently .75% per year, so how will we need 3% more groceries, cars, planes, houses, and everything that makes up our economy? and need this growth EVERY year?
What is the harm is the bad projections?  Government spending is based on future tax revenue, which is tied to GDP.  If they underestimate the revenue, they have to borrow to make up the difference.  This borrowing makes growth slower over the longer term.  Rationalizing the borrowing as a one time thing is fine, IF you change you projections, but we aren't.  Trump talks about 4% growth, its not likely for one year, much less sustained growth over time.  4% growth means the economy doubles in under 20 years ! who believes that? no one should.
Same thing with companies, they make forecasts based on a growing economy.  How can you grow your business if sales are stagnant?  Sales are tough to grow if the economy is not growing as fast as you think.  If you are President of a big company you decide to grow profits since you cant grow sales, and this leads to outsourcing, and a lot decisions designed to squeeze out profit in the short term.  However these are one time gains, once you reap the profit gains from outsourcing, what do you do in subsequent years to increase profits ?
All because really smart people wont accept the fact that you cant grow economies at 3% forever. 
Yes there will be new inventions, productivity gains, and there are many people yet to reap the benefits of the Industrial Revolution.  So economies can grow faster than their population, but only a LITTLE faster, not 3-4x their population growth.   Even GDP growth of 1.5% is about 2x the population growth, which is about all we should expect and that would assume we got rid of a lot of bad policy that is slowing us  down.
George N Romey Added Jun 18, 2017 - 1:30pm
The question becomes how to maintain a stable society when demographics are in flux. 30 years from now when Baby Boomers are in the last days of their lives demographics win flatten out. Till then we can mitigate some of the effects and begin to adapt to a new world. Remember at the turn of the 20th century the 8 hour day 5 days a week was unthinkable for the average worker but the assembly line helped to change that.
wsucram15 Added Jun 18, 2017 - 4:38pm
Donald..checked that out.  While I realize its only 2nd quarter..I thought the deficit would much higher than that and Trump wants to eliminate the Payroll tax? My my my.
on another note, Russia owns 100 billion of US Debt already, I wonder what he is up to..he is buying it from China and Japan who still each own 1trillion each I have read on cnn money.  I realize its a cushion to drive up their economy but come on now.  Im not sure what will be worse being held in a Chinese debt prison or a Russian one.
But Social Security owns the most US debt by a long shot @ almost 30%. (2.8T or thereabouts). 
We need to consume less and learn to produce more.  I know thats a basic answer but we need to do it.
Lady Sekhmetnakt Added Jun 18, 2017 - 5:02pm
WSU writes "We need to consume less and learn to produce more.  I know thats a basic answer but we need to do it." 
It's a good place to start.
But as for Russia buying up US debt, it's all a part of Putin’s master plan. He already picks the President and no one or nothing can stop him there. Just sit back and relax Putin knows how to manage our debt and run America better than we do. 
George N Romey Added Jun 18, 2017 - 5:40pm
Russia, China and Iran are through with US economic and military hegemony.  They know we are nothing more than a smoke and mirrors economy held together by financial wizardry.
Bill H. Added Jun 18, 2017 - 6:09pm
Good one Jenifer-
Trump says he will fight to return jobs to America, but he is in the party that wants nothing to do with this. In fact back in 2014, Senate Republicans voted overwhelmingly to end debate on S.2569, a bill entitled the Bring Home Jobs Act that was introduced by Democrats to end tax breaks for companies that send jobs overseas. Opposition to any efforts of curbing offshoring because of the tax breaks, cheap labor, and other cost saving "advantages" it provides are still being fought by those in Trump's party to this day.
George N Romey Added Jun 18, 2017 - 7:06pm
The Federal Reserve creates imaginary money and hands it out to the banks they prop up.  The real economy is left with Americans that are increasingly becoming mired in debt while their financial prospects wither away.  Corporate chiefs get rewarded not based upon performance but by stock prices ginned up by stock buy backs and acquiring the competition.  Its like watching a Pro Football game in which one team has been chemically enhanced for muscle development playing with full protective gear while the other team is full of skinny teenagers playing in their underwear.  Not a pretty picture. 
Lady Sekhmetnakt Added Jun 19, 2017 - 12:12am
It's a game that will not end well George. Not for hardly anyone. 
Lady Sekhmetnakt Added Jun 19, 2017 - 4:56am
The only thing laughable is your false perception that they fool us all John. Speak for yourself and those who you actually know something about. Apparently I misjudged you. 
Autumn Cote Added Jun 19, 2017 - 6:02am
Please note, the more personal responses you offer the more likely your article will be commented upon.  As always, many thanks for your participation with Writer Beat!
George N Romey Added Jun 19, 2017 - 7:57am
Jenifer the smart elites are preparing, they understand what is coming.  They have built home in far away islands and have created a stockpile of silver and gold (real, not certificates).  Other, particularly new money have no clue.  They live in their beautiful decorated bubbles with their paper wealth thinking the peasants will continue to tot the line.  When the Fed, ECB, Bank of England, BOC, and Bank of Japan can no longer prop up the false economy and the IMF becomes helpless all hell will break loose  That could happen in the next year, it could happen 10-15 years from now.
The situation has been described accurately as an earthquake fault line. At some future point the Earthquake will occur.
Tubularsock Added Jun 19, 2017 - 11:17am
George, you may correct but the earth is ONE defined location and in truth not all that big. So the smart elites may discover that you can't eat silver and gold for long. Tubularsock likes his gold with mayo!
Stone-Eater Added Jun 19, 2017 - 2:42pm
Get that old bitchary rag out of this nice article :-)
Stone-Eater Added Jun 19, 2017 - 2:44pm
BTW Jenifer
In other words, there is only one remaining rationale for the existence of the United States of America — the interests of the military/security complex — and these interests require a powerful enemy whether real or orchestrated. The real world consequences of such madness be damned along with the rest of us... 
Needless to comment ;-)
George N Romey Added Jun 19, 2017 - 2:50pm
The elites understand gold and silver can be traded.  If the US dollar collapses because the triangle of Russia, China, and Iran are tired of being bantered about paper wealth will be gone over night.  We live in a dangerous time in which the possibility of economic ruin is all around us.  Central banks cannot solve doomsday and neither can crypto currencies.
Lady Sekhmetnakt Added Jun 19, 2017 - 2:57pm
The banned for life rules breaker Jeff tried to post here. He was warned before. His post was deleted as will be any and everything else he ever attempts to post on any of my articles ever. 
Bill Kamps Added Jun 19, 2017 - 3:13pm
George, not saying it wont happen, but people have been predicting the collapse for at least 50 years now, probably longer but I can only remember the last 50.  Im sure in the 30s there were plenty of people predicting the collapse.  Its like predicting the second coming, people have been predicting that since long before any of us were born. 
Most people cant afford to prepare for a collapse that might well not happen in their lifetime.
The elites can afford to put a pile of gold on an island and have it earn nothing, and do nothing. Most people cant have that many idle resources for so long.
Bill Kamps Added Jun 19, 2017 - 4:52pm
Donald, why is 88 years relevant?  There was a major crash  in 1896, which made the crash in 1929 about a 33 year cycle.  We had a recession in 1975,  a major recession in 2008, and while neither were of 1929 proportions, maybe they affected the cycle. Using George's metaphor, mini earthquakes to relieve the pressure. 
George is forecasting something much worse than 1929, George is forecasting the end of capitalism as we know it, which even in 1929, didnt happen. 
Given that you and George are so good at predicting, how much money did you make selling things short in 2008? or didnt you predict that one?  Maybe you predicted the 1980 run  up in gold and made millions then? or you missed that one also?  you could have made millions getting just one of those right.
As Yogi Berra said, "predicting is difficult, especially about the future".
People have been saying Time is Short regarding the second coming for more than 1000 years now. 
Saying Time is Short is like the guys who predict the Dow will be 500, or 10,000.  Its easy to say, but acting on it is impossible because we just dont know what will happen and when.
This doesnt mean  that some day, George wont be correct, but that is like saying some day the Sun will explode.  It will some day.
Apologies for any sarcasm :)
Lady Sekhmetnakt Added Jun 19, 2017 - 5:50pm
Bill writes "Most people cant afford to prepare for a collapse that might well not happen in their lifetime." 
That's the problem for most people. Like you said most can't afford to buy up gold and silver to stockpile on an island somewhere. Or even a basic bomb shelter for that matter. I know I can't.
I've seen some depictions that show a fairly realistic picture of what a world after the collapse of civilization would look like. It's a pretty scary place where you can't trust no one, virtually no place is safe from scavengers. No more cell phones or internet, no emergency services, dwindling resources that survivors are willing to kill for. Even an island or underground shelter isn't completely safe unless you are heavily armed and skilled in the use of your choice of weapons. A true nightmare world where even gold and silver won't buy you much of anything for long. Hopefully there is an alternative. 
The Objective Observer Added Jun 19, 2017 - 8:00pm
Great article Jenifer and very interesting discussion. Been on vacation so just catching up.
Patrick Writes Added Jun 19, 2017 - 8:14pm
Something that could make people's head spin is maybe Putin is actually restraining more extreme elements in his government. The recent posturing of Russia in Syria and on the open seas seems to indicate that there are hawkish elements in Russia, and Putin appears to be, in my opinion, more reserved. He appears to me to want Syria to come to a close with Assad in power and no more provocations with Western powers. 
Time magazine put Putin on the cover last year. I heard a brief interview of the photographer they sent to get a few nice shots of Putin. The whole experience was very intimidating he said, was put in a Moscow hotel, then drove to a remote militaryish location full of soldiers with guns, put in an empty room where he waited all day and Putin finally came in with some armed soldiers. 
To ease the tension he asked Putin if he liked the Beatles and Putin sent all the soldiers out of the room. And then said in perfect English "Yes, I love the Beatles." And said a few more things and then the guy took his pictures. It's funny because when Putin is interviewed by Western press he always speaks in Russian and needs an interpreter. 
He's not going to get the Mother Teresa award for greatest human being. And I wouldn't want to go with him to a Sushi bar in London (definitely not get up to go to the bathroom while there--he could slip some polonium into my tea). But I believe he doesn't want military provocations with the West whereas others in Russia do. 
Lady Sekhmetnakt Added Jun 19, 2017 - 11:34pm
Of course Patrick Putin is restraining the more extreme elements. Which is why it proves the US Senate is insane for recently voting for uncalled for sanctions on the Russian people (supposedly to encourage a Coup against Putin, which would almost certainly install far more anti-American Pro-War leadership). If they aren't trying to get us into an insane unwinnable war, I can't imagine what the Senate is doing. 
I personally wouldn't be afraid to have dinner with Putin. It's not like he's some psychotic serial killer looking to murder anyone he can. Maybe a threatening enemy (like US spys have likewise done) but like that photographer I'm essentially a no one to Putin. 
Speaking of interviews I'm looking forward to the four part Oliver Stone interviews with Putin (available now via Showtime). Going to catch part one tonight and the rest throughout the week. 
Lady Sekhmetnakt Added Jun 20, 2017 - 2:11am
Having just seen part one of the Putin Interviews by Oliver Stone I have to say that I highly recommend it. The first hour covers a lot from a good deal of recent Russian history (since the fall of the Soviet Union), Putin’s history and background, how the Russian banks function and how Russia relates to the IMF. How American lied about not expanding NATO, and lies about fighting terrorism while actual supporting terrorism. The Russian economy and much more. I really liked the fact that the interview was presented with English subtitles and the interpreter was mostly in the background allowing those of us who understand Russian to simply listen to President Putin speak in his own words. Hopefully this will become available soon to people without Showtime because it's definitely not like anything you are going to see or hear from the worthless Western presstitutes. 
Patrick Writes Added Jun 20, 2017 - 2:59am
If countries trade their domestically produced goods and services for foreign produced goods and services (they do), then a country that imports more than it exports is on a course that is not sustainable.
Central bank "levers" are short term measures intended to smooth out peaks and troughs in economic cycles. They cannot make up for unsound policies and trends. You can't trade the equivalent of printed pieces of paper for steel, iphones, automobiles, and appliances forever.
Patrick Writes Added Jun 20, 2017 - 3:09am
If the Fed is "creating dollars" to buy U.S. treasuries to plug the yearly whole in the U.S. budget, and if interest on the debt is becoming one of the largest items on the national budget, than we have something that's become a serious problem. How long before interest on the debt is the biggest item in the national budget (15 years or less)???

The Fed would induce financial armageddon if "created 20 trillion dollars" then gifted it to the U.S. government and paid the national debt tomorrow. 
Stone-Eater Added Jun 20, 2017 - 2:00pm
I think the US has more in common with Russia and China that it does with Europe
Oh good. You're right. We Europeans wait for the time when we'll be left alone and don't have a country as a "friend" which wants to destroy our economy by sanctions against Russia which only harm us but not the US.
It's time we Europeans wake up and ally ourselves with Russia - our neighbor.
But I doubt that the US would get along with them on a basis other than business. Because the US has one big disadvantage: They don't understand foreign cultures - or they don't want to, because they're no. 1 anyway LOL
Leroy Added Jun 20, 2017 - 2:34pm
Careful, Stoney, you might get your wish.
"It's time we Europeans wake up and ally ourselves with Russia - our neighbor."
Russia doesn't have a great experience with Europeans, especially its allies.  As soon as Russia give an inch, Europe wants to take it over.  So, go ahead.  I'm sure Putin would agree that revenge is sweet.
The US is a nation of foreigners.  It is at the very root of American culture.  That is what you fail to understand.  The US is the brain drain of the world, especially Europe.  We take all the good you guys kick out.  Even my ancestors were kicked out of France.  Before you celebrate, they went to Switzerland before making it to the American colonies where they finally found peace.
The US understands Europe all so well.  We love Europe.  That is why we have to treat Europe like children, preventing them from squabbling with each other.  Without the US, you guys would be at each other's throats.
Stone-Eater Added Jun 20, 2017 - 5:15pm
The US is a nation of foreigners
This is why the US so desperately tries to appear as "one nation" without much success :-) Roots can't be erased by the invention of McDonalds and plastic culture.
We take all the good you guys kick out. 
Yep. First all the religious failures of Europe got refuge in the US (That's where that religiosity comes from), then you imported all the Nazi scientists from Germany while bombing the rest with the little brothers of the UK which were so desperately trying to forget the empire they once had...;-)
Without the US, you guys would be at each other's throats.
LOL For the time being it's the US which has those problems in its interior. Blacks against Whites against no-matter-who-else. The problem is the US arrogance. They start so many wars (some even believe for a good cause), but the result is chaos, not improvement.
Are you really proud of that ? WHEN you want to create a US empire, do it GOOD and without bloodshed. That can be done by improving life conditions of the population not by flattening them. When the US would have helped Africa at times of Obama you'd have the whole market there. But no. You flatten places without understanding their culture and motivations in the ME while the Chinese calmly buy half of Africa by creating infrastructure.
Not really clever, In think.
Stone-Eater Added Jun 20, 2017 - 5:18pm
That is why we have to treat Europe like children, preventing them from squabbling with each other
That's why we don't like Americans anymore. Treating us like dumb kids while not realizing how shallow and aggressive their own culture is.
Stone-Eater Added Jun 20, 2017 - 5:28pm
When I worked in the US, I liked people from California to Washington. They were reflected and realistic people, without any arrogance. The more East I went, the more tight-headed people became. Maybe it's the climate. I worked in Frisco for almost a year, and even without being queer, I had a hell of a good time.
That was at the time of Carter and Reagan. Back then US foreign policy was REALISTIC. I hated Reagan until he shook hands with Gorbachev. And latest when the Bush-Cheney gang appeared I knew that the US is going downhill.
Because now you have a police state and a country where poverty grows, criminality overboards and infrastructure crumbles. Why ? Because instead of rebuilding the US you waste all that money on dreams of controlling the world. But it will fire back, believe me.
Leroy Added Jun 20, 2017 - 10:25pm
We'll be there when you need us.
Lady Sekhmetnakt Added Jun 21, 2017 - 1:49am
Sounds like an insurance company slogan Leroy. Eaglecrest Insurance-"We'll be there when you need us." ™
Lady Sekhmetnakt Added Jun 21, 2017 - 1:59am
FYI more good stuff in part two of Oliver Stone's Putin Interviews. They talked about what really happened in the Georgia conflict, the 2004 Ukrainian Orange Revolution, Edward Snowden (Putin respects him but thought he should have resigned from the NSA like Putin resigned from the KGB and communist party), the ABM treaty, American surveillance of it's own citizens and allies and why it's wrong if they are not indeed vassels. Treatment of homosexuals and the importance or traditional values (Including reestablishing the Orthodox Church of Russia) were discussed and also the development of Russian Federation democracy and elections. On a lighter note Stone and Putin watched Stanley Kubrick's Dr. Strangelove, Putin talked about his two daughters playing hockey and his daily practice of Judo. 
Lady Sekhmetnakt Added Jun 21, 2017 - 3:30am
I almost forgot to mention, my favorite part of the Putin Interviews part two was after Oliver Stone and Putin watched Dr. Strangelove, Stone gave Putin the movie as a gift. Only Putin opened up the DVD box and it was empty. "Typical American gift." Putin remarked! LOL, too funny! 
Lady Sekhmetnakt Added Jun 21, 2017 - 3:48am
Actually John I streamed it from Showtime via my Hulu subscription. Hopefully it will be available for free to everyone soon. Until then it's on Showtime this month at least. 
Stone-Eater Added Jun 21, 2017 - 11:50am
Stone-Eater Added Jun 21, 2017 - 11:52am
Stone-Eater Added Jun 21, 2017 - 3:49pm
...problem is that it's not new. Probably most people already know where he stands.
Lady Sekhmetnakt Added Jun 21, 2017 - 4:58pm
Stone-Eater writes "...problem is that it's not new." 
It's a collection of interviews the most recent being from February 2017, so it's fairly new. And I would say Putin’s views on many issues are not what at least Americans think they are. 
Lady Sekhmetnakt Added Jun 21, 2017 - 10:45pm
Anyhow many thanks to Stone-Eater for finding that so everyone can catch it. If you plan to better do it soon because if the Democrat Clintonites get their way, we will all be dead soon:
“We Are Inches From A New World War, And Clintonists Are To Blame” https://medium.com/@caityjohnstone/we-are-inches-from-a-new-world-war-and-clintonists-are-to-blame-da51d09e4fac

Lady Sekhmetnakt Added Jun 22, 2017 - 3:20am
That would be great John.
BTW in part three of the Putin Interviews, Putin discusses the Syrian situation and in good detail what really happened in 2013-2014 Ukraine regarding the coup and the real deal about Crimea. Many of us already know, but any who do not or have only heard the Western mainstream media/NATO propaganda should really check it out. Images of the Ukrainian Right Sector Nazi party in full Nazi regalia on the streets of Kiev are unmistakable, not to mention that neocon bloodthirsty warmonger maniac John McCain shown giving a speech before Neo-Nazis. If you ever doubted what a total lunatic scumbag McCain is, you will no longer after seeing this. 
George N Romey Added Jun 22, 2017 - 12:36pm
Bill there are far more people smarter than me predicting the next financial meltdown-the same ones that were being laughed at by people like you in 2007 and 2008.  Do you remember in late summer 2008 the Fed still predicting modest growth?
Also, I have never said capitalism will end.  It will ultimately morph into something else, of which most of us don't know what that will be.  The "what" will depend upon the extent of the crash, how much damage is done and how much can be mitigated.  Bailing out bad actors again will be political suicide this time for any politician that votes for such measurers.  Unlike 2008, nearly 10 years later there are far more people following alternative media and not listening to whatever propaganda regurgitated by the mainstream media.  Probably even more true is that the mainstream media will join the fray if Trump is still in office.
A global economy built upon debt levels higher than global GDP is not sustainable.  We are nothing more than a heroin addict enjoying the high of the drug.  Meanwhile demand is declining as is social mobility and productive investment.  After almost ten years we still haven't normalize interest rates.  The Federal Reserve still has a bloated balance sheet from all of the securities it purchased. The ECB and BOJ are still at zero or negative interest rates.  Many large Europeans banks are effectively bankrupt propped up by the ECB.  Southern Europe is still an economic basket case.  China has had to put its people to work building unattended and unneeded public structures in order to avoid massive unemployment.  In the interim. China is seeing soaring debt rates joining the West in the significant use of leverage.  Worker participation in the US remains at historic lows.
I could go on and on.  And yes as you have correctly pointed out we will not see the 3%-5% growth in GDP Trump talks about.  However, our entire business environment and financial sector hasn't adjusted to this reality,  moreover shows no intention of doing so.  What's going to happen when corporations and the big banks finally are forced into accepting a less than 1% GDP growth world?
Russia, China and Iran are not clueless.  They see what is going to occur and you can bet your bibby they are going to use whatever crisis to break free of the economic and military hegemony the US has held over the world since the end of WW2.  Will this lead to WW3?  No one knows for sure.
Lady Sekhmetnakt Added Jun 23, 2017 - 8:05pm
Thanks for that John :-) 
Lady Sekhmetnakt Added Jun 26, 2017 - 5:02pm
I couldn’t agree more John. Of course here in the West all we have are Deep State puppets of the Oligarchy so it's hard to expect much depth from such a shallow source. 

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